Tim James O'Brien - 15 May 2023 Form 4/A - Amendment Insider Report for N-able, Inc. (NABL)

Role
EVP, Chief Financial Officer
Signature
/s/ Kate Salley, Attorney-in-Fact for Timothy O'Brien
Issuer symbol
NABL
Transactions as of
15 May 2023
Net transactions value
-$208,433
Form type
4/A - Amendment
Filing time
18 May 2023, 17:30:36 UTC
Date Of Original Report
17 May 2023
Previous filing
31 Mar 2023
Next filing
17 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NABL Common Stock, par value $0.001 per share Sale $105,600 -7,500 -1.4% $14.08 523,735 15 May 2023 Direct F1
transaction NABL Common Stock, par value $0.001 per share Tax liability $102,833 -7,340 -1.4% $14.01 516,395 15 May 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The original Form 4 incorrectly indicated that these shares were withheld to satisfy tax withholding obligations. The sales reported in this line were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2022.
F2 The original Form 4 inadvertently omitted the footnote for this line. This line reflects shares withheld to satisfy tax withholding obligations in connection with the vesting of restricted stock units.